July 15 AMT Review LME Base Metals

The following is a daily review of base metals transactions published on July 15 by Amalgamated Metal Trading Limited (AMT), a leading brokerage firm of the London Metal Exchange (LME). Copper: It is expected that the range volatility will continue to be maintained in the short term. Lead: The trend was flat throughout the day, but the CTA sell-off still put pressure on the market. Zinc: Shrinking transaction volume, and it is expected to continue to maintain its turmoil next week. Tin: In spite of the short-covering CTA buying, the market continues to move higher, but the selling of traders put pressure on the market. Nickel: The trend is flat throughout the day, and increasing inventory pressures the market. Note: Aluminum reviews are not provided.

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